Overview and Scope
The autonomous emergency braking system (AEBS) is a safety feature in vehicles that automatically detects potential collisions and applies the brakes to prevent or mitigate the impact, reducing the severity of accidents. It uses sensors and advanced algorithms to assess the situation and take action when necessary to enhance driver and passenger safety.
Sizing and Forecast
The autonomous emergency braking system (aebs) market size has grown exponentially in recent years. It will grow from $30.9 billion in 2023 to $38.47 billion in 2024 at a compound annual growth rate (CAGR) of 24.5%. The growth in the historic period can be attributed to stringent safety regulations, increasing awareness of vehicle safety, insurance premium reduction incentives, collaboration with automotive safety organizations, focus on pedestrian and cyclist safety..
The autonomous emergency braking system (aebs) market size is expected to see exponential growth in the next few years. It will grow to $84.58 billion in 2028 at a compound annual growth rate (CAGR) of 21.8%. The growth in the forecast period can be attributed to global harmonization of safety standards, integration into autonomous vehicle ecosystems, mandatory inclusion in vehicle safety ratings, urbanization and congestion management, insurance industry collaboration.. Major trends in the forecast period include integration with advanced sensor technologies, adoption of artificial intelligence (ai) algorithms, enhanced cyclist detection and avoidance capabilities, integration of vehicle-to-everything (v2x) communication..
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Segmentation & Regional Insights
The autonomous emergency braking system (aebs) market covered in this report is segmented –
1) By Product Type: Low-speed Autonomous Emergency Braking System, High-speed Autonomous Emergency Braking System
2) By Technology: Crash Imminent Braking, Dynamic Brake Support
3) By Vehicle Type: Passenger Vehicle, Commercial Vehicle
North America was the largest region in the autonomous emergency braking system (AEBS) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the autonomous emergency braking system (aebs) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing demand for luxury vehicles is expected to propel the growth of the autonomous emergency braking system (AEBS) market going forward. Luxury vehicles are high-end automobiles known for their superior comfort, advanced features, and premium materials, often designed to provide a luxurious and prestigious driving experience. Luxury vehicles often incorporate advanced autonomous emergency braking systems, enhancing safety by automatically applying brakes in critical situations and prioritizing driver and passenger well-being. For instance, in July 2023, according to the financial reports published by BMW AG, a Germany-based luxury automaker, BMW brand sales in the U.S. increased 11.5% in Q2 2023 from Q2 2022. In the second quarter of 2023, BMW brand sales in the U.S. totaled 87,948 vehicles, an 11.5% increase from the 78,905 vehicles sold in the second quarter of 2022. Furthermore, in December 2022, according to Cox Automotive, a US-based automotive services company, the share of luxury vehicles in overall sales increased to 18.2% in November 2022 from 17.8% in October 2022, remaining historically high. Therefore, increasing demand for luxury vehicles is driving the growth of the autonomous emergency braking system (AEBS) market.
Key Industry Players
Major companies operating in the autonomous emergency braking system (aebs) market report are General Motors Company, Mitsubishi Electric Corporation, Robert Bosch GmbH, Hitachi Ltd., DENSO Corporation, ZF Friedrichshafen AG, Continental AG, Hyundai Mobis Co. Ltd., Magna International Inc., Aisin Corporation, PACCAR Inc., Faurecia SE, Toshiba Corporation, Valeo SA, Aptiv PLC, Nidec Automotive Components, BorgWarner Inc., Samsung SDI, Infineon Technologies AG, Renesas Electronics Corporation, Autoliv Inc., NSK Ltd., Knorr-Bremse AG, HL Mando Corporation, Calsonic Kansei Corporation, WABCO Holdings Inc., Cepton Technologies Inc</b
The autonomous emergency braking system (aebs) market report table of contents includes:
1. Executive Summary
2. Autonomous Emergency Braking System (AEBS) Market Characteristics
3. Autonomous Emergency Braking System (AEBS) Market Trends And Strategies
4. Autonomous Emergency Braking System (AEBS) Market – Macro Economic Scenario
5. Global Autonomous Emergency Braking System (AEBS) Market Size and Growth
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32. Global Autonomous Emergency Braking System (AEBS) Market Competitive Benchmarking
33. Global Autonomous Emergency Braking System (AEBS) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Autonomous Emergency Braking System (AEBS) Market
35. Autonomous Emergency Braking System (AEBS) Market Future Outlook and Potential Analysis
36. Appendix
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